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Bull Season for Altcoins May Come Later Than Expected: Analyst Explains Why! - Coin Bulletin
**Although there have been some recoveries in the altcoin market, the insufficient increase in the number of active addresses indicates that the season has not yet begun.
Cryptocurrency analysts believe that the altcoin market is still in a "speculative" stage before reaching the 2021 peaks. According to experts, although some altcoins have experienced significant price increases recently, the stagnation in the daily active address numbers indicates that the altcoin season has not yet arrived.
Speculative period continues
Redstone's co-founder and COO Marcin Kazmierczak noted that the altcoin market is still in its early stages. Kazmierczak expressed that the lack of support for the price recovery with the growth in daily active addresses is evidence that the market is still in a speculative stage.
According to Kazmierczak, for the altcoin season to truly begin, investor interest needs to spread to a wider base and there needs to be a significant increase in the number of active users.
Memecoin effect delays season
Nansen research analyst Nicolai Sondergaard, on the other hand, highlighted that in the current cycle, meme coins have delayed the altcoin season. Sondergaard noted that a large portion of investor interest has shifted to memecoins, and this situation has hindered a more balanced growth in the altcoin market.
According to Sondergaard, **although the altcoin season may be delayed, the complete disappearance of this process is not expected. However, unlike previous cycles, this time it seems possible for specific altcoin sectors to stand out and provide higher returns. Monitoring the trends that attract investors' attention will play a critical role in understanding the course of the altcoin season.